Fillable Ohio Schedule E - Nonrefundable Business Credits

Schedule E

Rev. 1/15

General Instructions

Secretary of state

Justice of the Ohio

The nonrefundable business credits listed in Schedule E-1 may



Auditor of state

Supreme Court

be used to reduce the tax liability (before payments) to zero.



Treasurer of state

Ohio Senate



Schedule E-1 lists the nonrefundable business credits in the

Attorney general

Ohio House of



order in which you may claim them as well as the carryover

Ohio Board of Education

Representatives



period for each credit. The order is important if you are entitled

The amount of the credit is the lesser of (i) the combined total

to more than one credit and if you are unable to use some

cash contributions made by each taxpayer during the taxable

portion of the total credit in the year generated.

year or (ii) $50 for each taxpayer. If the contributor is a pass-

Please read all of the following instructions carefully for each

through entity, each pass-through entity investor, other than

section to determine if you are eligible to claim that particular

investors that are trusts, may claim a proportionate share of

credit.

the contribution. However, the credit for each investor, other

than investors that are trusts, cannot exceed the lesser of each

Please enclose with your tax return Schedule E-1 and E-2. You

investor’s proportionate share of the contribution or $50.

also will need to enclose any certiﬁ cates required by Schedule

E-1. All other supporting schedules or documentation are sub-

Note: If you claim the credit for political contributions in

ject to examination by the Ohio Department of Taxation.

Schedule E, you may not claim a credit for the same po-

litical contributions in Schedule B of Ohio form IT 1040.

You will need to review the applicable law. Schedule E-1 sets

The combined total of your political contributions credit

forth the applicable Ohio Revised Code sections (R.C.) needed

claimed on Schedule E and on Schedule B of Ohio form

for each business credit listed.

IT 1040 cannot exceed $50 per taxpayer.

Mailing Instructions

Line 2 – Job Retention Credit, Nonrefundable Portion

Each taxpayer with nonrefundable business credits should

Administered by the Ohio Tax Credit Authority through the

enclose Schedule E-1 and E-2 and certiﬁ cates, if any, with the

Ohio Development Services Agency, the nonrefundable por-

taxpayer’s Ohio income tax return (form IT 1040, IT 1040X,

tion of the job retention credit applies to “eligible businesses”

IT 4708 or IT 1041, whichever is applicable) and mail to the

that commit to a substantial capital investment project that will

address reﬂ ected on that form.

retain jobs in Ohio. In consideration of an eligible business’

commitment to acquire, construct, renovate or repair buildings,

Taxpayer Assistance

machinery or equipment, or conduct basic research and new

If you want further information, you may use any of the follow-

product development at the Ohio project site, the authority

ing methods to contact us:

will grant a tax credit equal to a percent of the Ohio income

• Internet – tax.ohio.gov

tax withheld from the taxpayer’s employees at the project site

over the term of the credit.

• Call us

– (888) 405-4039

An “eligible business” must apply to the authority for review and

• Write us – Ohio Department of Taxation

approval of the taxpayer’s proposed capital investment project.

P.O. Box 182847

Following the authority’s approval of the taxpayer’s project,

Columbus, OH 43218-2847

the eligible business and the authority can enter a tax credit

agreement. While the particulars can vary from agreement to

• Walk-in

– The address and hours of our walk-in Colum-

agreement, depending on the number of full-time equivalent

bus Taxpayer Service Center are listed on the

employees at the project and the value of the project, the credit

inside back cover of the IT 1040 booklet.

cannot exceed 75% of the tax withheld, and the credit term

For Deaf, Hard of Hearing or Speech Impaired Who Use

is limited to 15 years. The taxpayer must maintain operations

TTY or TDD Only

at the project site for the greater of (a) the term of the credit

Please contact the Ohio Relay Service at 7-1-1 or 1-800-750-

plus three years, or (b) seven years.

0750 and give the communication assistant the Ohio Depart-

For each taxable year for which the taxpayer claims the

ment of Taxation telephone number that you wish to contact.

credit, the taxpayer is required to submit a copy of the Ohio

Line 1 – Credit for Contributions Made to Candidates

Development Services Agency’s certiﬁ cate of veriﬁ cation with

for Ohio Statewide Ofﬁ ce or General Assembly

the taxpayer’s tax report. However, failure to submit a copy

Taxpayers other than trusts may claim a credit for contributions

of the certiﬁ cate with the report does not invalidate a claim

of money during the taxable year to the campaign committee

for the credit if the taxpayer submits a copy of the certiﬁ cate

of candidates for any of the following Ohio ofﬁ ces:

to the commissioner within 60 days after the commissioner

requests it.

Governor

Chief justice of the Ohio



Lieutenant governor

Supreme Court

A pass-through entity will generally claim this credit as a credit



against the pass-through entity’s commercial activity tax (CAT)

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Ohio Schedule E - Nonrefundable Business Credits - 2014 Page 3

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